Puerto Rico Agency Plans Talks With Hedge-Fund Creditors

TODAY: Sept. 2, 2015 PUB DATE: Sept. 2, 2015

By Mike Cherney And Matt Jarzemsky Puerto Rico's Government Development Bank is planning to begin confidential debt-restructuring talks with hedge funds that own its bonds as early as next week, said a person familiar with the matter. The parties are ...

Xurpas Buys 51% Stake in Globe Unit for PHP900 Million

TODAY: Sept. 2, 2015 PUB DATE: Sept. 2, 2015

By Cris Larano MANILA--Xurpas Inc. (X.PH) said Wednesday it has agreed to buy a 51% stake in Yondu Inc., a wholly owned mobile content developer and service provider unit of Globe Telecom Inc. (GLO.PH), for 900 million pesos ($19.3 million). ...

Asian Markets Wobble on U.S. Drop, China Worries -- Update

TODAY: Sept. 2, 2015 PUB DATE: Sept. 2, 2015

By Chao Deng Stocks in Shanghai fell sharply on Wednesday, extending a tumultuous period for markets in the region, as concern deepened about the state of the Chinese economy. The Shanghai Composite Index was last down 3% at 3070.46 but ...

German Machinery Orders Spike in July

TODAY: Sept. 2, 2015 PUB DATE: Sept. 2, 2015

By Emese Bartha FRANKFURT--Germany's machinery orders in July rose 18% on the year, fueled by strong demand at home and from the rest of the eurozone, industry group VDMA said Wednesday. Domestic demand jumped 43% over the same period of ...

A Conglomerate Finds Love Amid The Breakups -2-

TODAY: Sept. 2, 2015 PUB DATE: Sept. 2, 2015

Honeywell's Automation & Control Solutions business, which includes the personal protection lines, earned $2.2 billion last year, up from $1.8 billion in 2010. Overall, Honeywell reported net income rising more than 109% over the same period, to $4.24 billion in ...

Australia Economic Growth Slows as Mining Boom Cools

TODAY: Sept. 2, 2015 PUB DATE: Sept. 2, 2015

By Vera Sprothen SYDNEY--Australia's economy expanded slightly in the second quarter but by less than economists were expecting, as fading investment in the mining sector and falling export revenue continued to put a brake on growth. Gross domestic product climbed ...

China Fears Sink Markets Again

TODAY: Sept. 2, 2015 PUB DATE: Sept. 2, 2015

U.S. stocks plunged Tuesday, extending a tumultuous period for markets into another week amid new evidence that China's stubborn economic slowdown is damaging global commerce. The trouble started with a weak reading on China's manufacturing sector and was amplified by ...

Economists Cut Singapore Growth Forecast - MAS Survey

TODAY: Sept. 2, 2015 PUB DATE: Sept. 2, 2015

By Gaurav Raghuvanshi SINGAPORE--External economists surveyed by the Monetary Authority of Singapore expect the economy to grow at a slower pace than previously estimated and consumer prices to contract this year. Singapore's economy is expected to grow 2.2% this year, ...

Tesco Picks MBK As Preferred Bidder For South Korea Operation

TODAY: Sept. 2, 2015 PUB DATE: Sept. 2, 2015

Retailer Tesco PLC has picked Asian private-equity firm MBK Partners LP as the preferred bidder to buy its South Korea retail operations?its largest outside the U. K.? in a deal that could be worth between $6 billion and $7 billion, ...

Yen Weakens as Asia Stocks Recover

TODAY: Sept. 2, 2015 PUB DATE: Sept. 2, 2015

By Hiroyuki Kachi TOKYO--The yen was weaker against its rival currencies in another day of choppy Asia trade Wednesday, with risk aversion receding along with a mild recovery in stocks. Around 0450 GMT, the greenback was maintaining much of its ...

Market Bets Abound, but Where Are the Banks?

TODAY: Sept. 2, 2015 PUB DATE: Sept. 2, 2015

By Justin Baer, James Sterngold and Gregory Zuckerman The past two weeks of nearly unprecedented stock-market volatility once would have marked ideal trading conditions at the country's biggest banks. That era is over. As Wall Street brimmed with tales of ...

Asian Markets Wobble on U.S. Drop, China Worries

TODAY: Sept. 2, 2015 PUB DATE: Sept. 2, 2015

Asian markets dropped early Wednesday following big drops in the U.S. market and persistent concerns about the strength of China's economy. In recent weeks, stocks, currencies and commodities have dropped dramatically on signs of a slowdown in Chinese growth. Disappointing ...

Oil Resumes Downward Trajectory, U.S. Stockpiles May Gain Further

TODAY: Sept. 2, 2015 PUB DATE: Sept. 2, 2015

By Eric Yep Oil prices fell in Asian trade Wednesday, extending losses from the previous session, as financial markets continued to show weakness and U.S. oil stockpiles likely grew further. The oil market has been extremely volatile over the past ...

Vivendi Raises Stake in Dailymotion to 90% - Report

TODAY: Sept. 2, 2015 PUB DATE: Sept. 2, 2015

French media conglomerate Vivendi SA (VIV.FR) raised its stake in video-streaming website Dailymotion to 90% through the acquisition of an additional 10% from Orange SA (ORA.FR), Les Echos newspaper reported, citing unidentified sources. Vivendi paid 27 million euros ($30.5 million) ...

Puerto Rico Agency Plans Talks With Hedge-Fund Creditors

TODAY: Sept. 2, 2015 PUB DATE: Sept. 2, 2015

Puerto Rico's Government Development Bank is planning to begin confidential debt-restructuring talks with hedge funds that own its bonds as early as next week, said a person familiar with the matter. The parties are set to discuss a plan under ...

Australia Economy Ekes Out Slim Gain in 2Q

TODAY: Sept. 2, 2015 PUB DATE: Sept. 2, 2015

SYDNEY?Australia's economy expanded slightly in the second quarter but by less than economists were expecting, as fading investment in the mining sector and falling export revenue continued to put a brake on growth. Gross domestic product climbed by 0.2% from ...

Asian Markets Wobble on U.S. Drop, China Worries -- 2nd Update

TODAY: Sept. 2, 2015 PUB DATE: Sept. 2, 2015

By Chao Deng Most Asian markets slumped Wednesday with Australia's dollar falling to its lowest level in more than six years amid a deepening economic malaise in China, although stocks in China recovered from a sharp morning selloff. The Shanghai ...